JOHANNESBURG, South Africa, June 27 /CNW/ - Gold Fields Limited (NYSE,
JSE, DIFX:GFI) announced that on June 22, 2007 its indirect wholly-owned
subsidiary Gold Fields Exploration B.V. ("Gold Fields Exploration") exercised
warrants to acquire 1,200,000 common shares of GoldQuest Mining Corp
(TSXV:GQC) ("GoldQuest") for an exercise price of US$0.30 per common share.
The 1,200,000 common shares acquired represent approximately 2.43% of the
outstanding common shares of GoldQuest. Following its exercise of the
warrants, Gold Fields Exploration holds approximately 10.85% of the
outstanding common shares of GoldQuest.
The warrants of GoldQuest were originally acquired by Gold Fields
Exploration on August 8, 2005 as part of a private placement. While Gold
Fields Exploration has no current intention to acquire additional securities
of GoldQuest in the immediate future, it may increase or decrease its interest
in GoldQuest at prices which it determines to be attractive at any time.
GoldQuest is an exploration company focused on the Dominican Republic.
Through regional grass-roots generative exploration and new geological models
the company has built a portfolio of new gold and copper discoveries
Gold Fields Limited is one of the world's largest unhedged producers of
gold, with attributable production of 4.2 million ounces per annum, ore
reserves of 94 million ounces and mineral resources of 251 million ounces. The
company is listed on the JSE Securities Exchange (primary listing), NYSE, LSE,
DIFX, Euronext in Paris and Brussels, as well as on the Swiss Exchange.
For further information:
For further information: Gold Fields Limited, South Africa, Willie
Jacobsz, firstname.lastname@example.org, Phone +27-11-644-2460; Nerina Bodasing,
email@example.com, Phone +27-11-644-2360